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tolu ogunlesi
@toluogunlesi
, 4 tweets, 2 min read Read on Twitter
“[Dangote] Refinery can meet 100% of the domestic requirement of all liquid petroleum products,leaving surplus for export.The high volume of PMS output will transform Nigeria from a petrol import-dependent country to an exporter of refined petr. products.” dangote-group.africa-newsroom.com/press/investme…
“Dangote is also constructing the largest fertiliser Plant in West Africa with capacity to produce 3.0 million tonnes of Urea per year... the Dangote Fertiliser complex consists of Ammonia and Urea plants with associated facilities and infrastructure.” dangote-group.africa-newsroom.com/press/investme…
“Nigeria will be able to save $0.5 billion from import substitution & provide $0.4 billion from exports of products from the fertiliser plant... supply of fertiliser from the plant,set for commissioning before Q2 2019, will be enough for Nigerian market & neighbouring countries.”
“the [Refinery] project will become the world largest single train refinery on completion.” dangote-group.africa-newsroom.com/press/investme…
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More from @toluogunlesi see all

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tolu ogunlesi
@toluogunlesi
Brand New standard gauge rail from Apapa—Ebute Metta—Ibadan

Reconstruction of Apapa Wharf Road (completed) & Apapa-Oshodi-Oworo Road

Upgraded substations in Alagbon, Alimosho,Ikorodu etc

NEW Cancer Center in LUTH

Kindly tell us what PDP did for Lagos in 16 years,Sir?

#Thread
That’s not all that’s been done in Lagos State. For many years LASG tried to get the Presidential Lodge in Marina transferred to Lagos State, PDP, hell-bent on sabotaging Lagos on every angle, said no. Until Buhari came to office. channelstv.com/2017/12/12/20-… @DeleMomodu
Just in November @AsoRock secured funding from JICA for an upgrade of the Apapa Transmission a Substation, serving the Port Complex and environs. Tens of thousands of Lagosians will benefit from improved power: jica.go.jp/english/mobile… @DeleMomodu
Read 5 tweets
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tolu ogunlesi
@toluogunlesi
This was probably lost in all the politics of January. @Asorock - through the Fin Rep. Council - this month launched a NEW Code of Corporate Governance for Nigeria,which "seeks to institutionalise corporate governance best practices in Nigerian companies." pwcnigeria.typepad.com/files/nigerian…
"Sections 11c and 51c of the Financial Reporting Council of Nigeria Act
confer upon the Council, the powers to ensure good corporate governance practices in the public and private sectors of the Nigerian economy and to issue the code of corporate governance and guidelines."
"By adhering to the principles articulated in this Code, companies will
demonstrate a commitment to good governance practices and increase their levels of transparency, trust and integrity, and create an environment for sustainable business operations."
Read 5 tweets
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tolu ogunlesi
@toluogunlesi
VIDEO/ January 9, 2015, the then candidate of the APC, @MBuhari campaigned in Aba, Abia State. He promised a power intervention, to help unlock the entrepreneurial potential of Aba.

Today, President @MBuhari is commissioning the Ariaria Market Power Plant, an @AsoRock Initiative
Earlier this month I visited Ariaria Market and the new Power Plant. It was established on a site that used to be a garbage dump for the market. Out of that place has arisen this wonderful project. #IncrementalPower #EnergizingEconomies #PMBMeansBusiness @realREANigeria
One of the CNG-fired power generating plants at the Ariaria IPP. 4,000 shops benefiting in 1st Phase of the Electrification project. Phase 2 will add an estimated 8,000 shops.

#EnergizingEconomies is going on in several markets nationwide.
#PMBMeansBusiness #IncrementalPower
Read 5 tweets

Related threads

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Chidi Odinkalu
@ChidiOdinkalu
#Nigeria''s @MBuhari has begun moves to officially extend the tenure of Ibrahim Idris as Inspector-General of @PoliceNG. Under Service Rules, Idris shd have retired on the 35th anniv of his enlistment, 3 Jan but has continued to run the police regardless.
icirnigeria.org/buhari-moves-t…
s. 215(1)(a) of #Nigeria's constitution says: an Inspector-General of @PoliceNG shall be appointed by the President on advice of the Police Council from among serving members of the NPF.

IGP Idris can't be lawfully extended cos he's no longer serving & Police Council hasn't met.
s. 216(2) of the Constitution is v clear: "Before making any appointment to the office of the Inspector-General of @PoliceNG or removing him from office the President shall consult the Nigeria Police Council." A meeting of the Police Council is mandatory pre-condition.
Read 9 tweets
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SBM Intelligence
@sbmintelligence
2018 began with some trepidation as #Nigeria's economy failed to take off, and familiar sounds of discontent began to surface.

In the political space, questions mounted about whether the coalition that brought @MBuhari to power 3 years earlier would hold firm.

It didn't.
Meanwhile, the year, 2018, would go down as the year when @AsoRock's claims about having a lid on security issues were revealed to be mostly empty.
The year began with an escalation of #PastoralConflict, with tit-for-tat killings across 5 states, and a tepid reaction from @AsoRock.

This culminated in the unsightly scenario of one of #Nigeria's most prominent citizens asking his tribesmen to defend themselves.
Read 25 tweets
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Emeka Azuka Okoye
@EmekaOkoye
#Nigeria does not make or like #toys smh.

Africa exported $183.4m worth of toys led by the ff:

1. Tunisia: $70.3m
2. SA: $65.2m
3. Kenya: $11.2m
4. Morocco: $11.1m
5. Mauritius: $7.4m
6. Uganda: $5.8m
7. Madagascar: $4m
8. Chad: $1.2m
9. C.Verde: $1.1m
10. Zim: $936,000
/1
#Nigeria doesn't even like #toys smh.

Africa imported $1 billion worth of toys led by the ff:
1. SA: $459.4m
2. Morocco: $86.5m
3. Algeria: $78.5m
4. Egypt: $61.9m
5. Tunisia: $53.3m
6. Angola: $31.9m
7. Mauritius: $25.2m
8. Namibia: $20m
9. Djibouti: $18.5m
10. Libya: $15.4m
/2
140m Nigerians couldn't be #1.

Africa imported $40.1b worth of electronics led by the ff:
1. South Africa: $8.5 b
2. Egypt: $4.8 b
3. Morocco: $4.6 b
4. Algeria: $4 b
5. Tunisia: $2.7 b
6. Nigeria: $1.7 b
7. Ethiopia: $1.3 b
8. Ghana: $1.2 b
9. Kenya: $1.1 b
10. Angola: $1 b
/3
Read 10 tweets
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Walle Smith
@walesmit
#Nigeria the Budget Office put out 2017 fiscal accounts which showed that FY deficit came in at NGN3.8tr (3.3% of nom GDP) and above the 3% fiscal responsibility act. As usual revenues missed thanks to usual over-optimistic non-oil rev assumptions and higher JV payments
But interestingly, capex spending came in a record NGN1.44tr (1.3% of GDP and around 66% of target) with overall budget execution at 87% suggesting some credibility in implementation despite the costs driven by higher drawdowns by Works, Power and Housing
Debt service/revenues printed at 69% (adjusted for sinking fund payments to retire debt 60%) but up from the 47% in 2016. Overall debt tracked higher due to increasingly more expensive borrowings over the last three years - a derivative of CBN tightening.
Read 7 tweets
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spacebar
@ksagga
In continuation of the the quoted thread which discusses blame game of Petrol prices, this thread is dedicated to a strange anomaly of India exporting petroleum products and analysis of who benefits from it.
Pl read

@sanjayuvacha @rupagulab @Nidhi @paranjoygt @IronyOfIndia_
These are the petroleum refiners in India-

Note the two largest refiners
1. IOCL- 68.7 MMTPA
2. Reliance- 68.2 MMTPA
These are the exports from the two leaders

IOCL annual has been bw 3.5-7 MMT
While Rel quarterly exports are around 10 MMT
(might have come down slightly later but still the difference is large)
Read 14 tweets
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Ola Brown(Orekunrin)
@NaijaFlyingDr
1. Thread on how to fix #healthcare in #Nigeria, sorry this is going to be long and boring for people now interested in health
2. With a total population of approximately 182,200,000, Nigeria has some of the poorest healthcare outcomes in the world. For example, the under-five mortality rate has been reported by the World Health Organization at 117 per 1000 live births.
3. The main reasons why so many children die in Nigeria; Malaria, Acute Respiratory Infections and Diarrhea, are particularly concerning because they are all preventable. Yet Nigeria remains one of the most dangerous places in the world to be a child under 5.
Read 35 tweets

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